Developer Planning 1,200 MW NatGas-Fired Power Plant in New Jersey

A subsidiary of Mitsubishi has approached New Jersey regulators with a proposal to construct a 1,200-MW gas plant, the Hudson Reporter reported.

The company, Diamond Generating Group, wants to spend $1.5 billion to build the combined-cycle plant and a 6.5 mile, 345 kv underground and submarine lead cable that would connect to a substation in Manhattan. Building the components would eliminate the need to build a new gas pipeline under the Hudson River.

Meetings between Diamond and elected officials, state agencies and community representatives in New York and New Jersey have been ongoing.

The plans are unfolding as Entergy Corp. prepares to shut down its 2,311 MW Indian Point nuclear plant in 2020.